Historical decoupling in the EU: Evidence from time-frequency analysis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F19%3A43914920" target="_blank" >RIV/62156489:43110/19:43914920 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1016/j.iref.2018.10.018" target="_blank" >https://doi.org/10.1016/j.iref.2018.10.018</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.iref.2018.10.018" target="_blank" >10.1016/j.iref.2018.10.018</a>

Result language
angličtina
Original language name
Historical decoupling in the EU: Evidence from time-frequency analysis
Original language description
We investigate economic cycle comovements and identify directions of relationships to discuss the spread of asymmetric shocks across the European Union during the twenty years from the euro adoption. We contribute to traditional wavelet analyses with an updated historical overview of economic cycle comovements in 24 EU countries over 35 years with particular attention to the main milestones in the European integration process. We show the significant economic cycle synchronisation between France and the EU and point out the decoupling of Germany, the United Kingdom and countries in Southern Europe. In addition we find strong evidence of comovements between the three Baltic countries. Our results do not support the idea of increasing business cycle synchronisation of monetary union members, despite European economic integration deepening.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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